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20130113
20130121
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CNNW 2
CNN 1
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
CNN
Jan 13, 2013 12:00pm PST
was a last-minute deal to raise the debt ceiling in exchange for automatic cuts that were to take place at the end of 2012. you know those, as the sequester, which i've said many times, is a stupid name for a stupid thing that only washington could come up with. big surprise, with those sequester cuts, by the way, washington gave themselves another extension, two more months, so march 1st, america has another cliff to worry about going over. these people are really worse than a fourth grade flunkie who why not write to your constituents sand say, sorry that dog ate my homework. the mangy dog has been the american political process. america's chief export seems to be economic uncertainty. incredibly that only seems to be getting worse, what's the likelihood of this changing. >> when you have the mini cliffs ahead of us and seeing ugly politics in the next few weeks and months this might be capitulation, right? this might be this moment where you're going to see the system thrashing around, getting through this, and the optimist in see says after that you're going to have deficit reductio
CNN
Jan 19, 2013 10:00am PST
identify two distinct issues we have to deal with. you said of the upcoming debt ceiling showdown, the president wants an automatic credit card and he's not going to get one from the congress. i like to point out, i understand why that analogy has been made and in the past i have made it myself, but i sort of decided that i don't like it anymore because the debt limit's different from a credit card in that with a with regard you charge items when you purchase them with the intent, the agreement to pay that. the debt limit is not actually a license to spend but to pay bills. a bit of an anachronism. only denmark has it elsewhere in the world. it forces a discussion on spending cut but it's not what the debt limit is for. >> your explanations have been right on target. let me tell you what i would wish the president would do. i hope the president's successful, because as a country if he's successful, we'll be successful. but he's got to begin to negotiate with the house and the senate to find a path forward on spending less and borrowing less or we're going to be on an unsustainable
Search Results 0 to 2 of about 3 (some duplicates have been removed)